Economics
Germany's Big Automakers See Opportunities From Integrating Migrants
- Influx seen as basis for next `economic miracle' in Germany
- `Leave behind your old life and you're highly motivated'
Daimler AG Media Night Ahead Of IAA Frankfurt Motor Show
Krisztian Bocsi/BloombergThis article is for subscribers only.
German carmakers are spying an opportunity in the influx of refugees pouring across the country’s borders as a way to fix its looming labor shortage.
Daimler AG Chief Executive Officer Dieter Zetsche, striking an unusually political tone on the eve of this year’s Frankfurt International Motor Show, said that absorbing as many as 1 million migrants this year, while a “Herculean task,” holds the promise of laying the foundation for another economic upswing similar to the country’s postwar boom in the 1950s and 1960s.